整体业绩表现 - 第三季度调整后每股收益为3.48美元，超出市场预期2.79美元24.7%，较去年同期的2.20美元增长 [3] - 第三季度营收为6.89亿美元，超出市场预期6.12亿美元12.5%，较去年同期的5.94亿美元增长16% [3] - 公司股价在财报发布后盘后交易中上涨2.6% [2] 各业务部门表现 - E-Infrastructure Solutions部门营收占总额60%，达4.171亿美元，较去年同期的2.639亿美元增长58% [4] - Transportation Solutions部门营收为1.705亿美元，较去年同期的1.551亿美元增长10% [5] - Building Solutions部门营收为1.014亿美元，较去年同期的10.26亿美元下降1.1% [5] 盈利能力与财务状况 - 第三季度调整后EBITDA为1.558亿美元，同比增长47% [6] - 毛利率扩大280个基点至24.7% [6] - 截至第三季度末，现金及等价物为3.064亿美元，较2024年底的6.642亿美元下降 [6] 2025年业绩指引 - 将2025年调整后每股收益指引上调至10.35-10.52美元，此前预期为9.21-9.47美元 [8] - 将2025年调整后EBITDA指引上调至4.86-4.91亿美元，此前预期为4.38-4.53亿美元 [10] 同行业公司表现 - Masco Corporation第三季度业绩未达预期，调整后每股收益和净销售额同比下滑，主要受Decorative Architectural Products部门表现疲弱拖累 [12] - United Rentals, Inc 第三季度每股收益未达预期，但营收超预期，并上调2025年总营收预期至160-162亿美元 [14][15] - D R Horton, Inc 第四财季业绩表现不一，因消费者信心下降和负担能力问题导致房地产市场持续疲软 [16][17]

公司业务范围 - 公司提供广泛的基础设施服务 业务类别包括电子基础设施 交通运输 住宅和商业建筑 [1] - 电子基础设施业务包含为美国数据中心提供基础土木和电气基础设施 这是一项高利润业务 [1]

Sterling Infrastructure (NasdaqGS:STRL) Q3 2025 Earnings Call November 04, 2025 09:00 AM ET Company ParticipantsAlex Rygiel - Managing DirectorNoah Levitz - Equity Research AssociateNoelle Dilts - VP of Investor Relations and Corporate StrategyNick Grindstaff - CFOJoe Cutillo - CEOAdam Thalhimer - Director of ResearchConference Call ParticipantsBrent Thielman - Managing Director and Senior Equity Research AnalystJulio Romero - Equity Research AnalystOperatorGood morning, ladies and gentlemen, and welcome to ...

Sterling Infrastructure (NasdaqGS:STRL) Q3 2025 Earnings Call November 04, 2025 09:00 AM ET Company ParticipantsAlex Rygiel - Managing DirectorNoah Levitz - Equity Research AssociateNoelle Dilts - VP of Investor Relations and Corporate StrategyNick Grindstaff - CFOJoe Cutillo - CEOAdam Thalhimer - Director of ResearchConference Call ParticipantsBrent Thielman - Managing Director and Senior Equity Research AnalystJulio Romero - Equity Research AnalystOperatorGood morning, ladies and gentlemen, and welcome to ...

Sterling Infrastructure (NasdaqGS:STRL) Q3 2025 Earnings Call November 04, 2025 09:00 AM ET Speaker4Good morning, ladies and gentlemen, and welcome to the Sterling Infrastructure third quarter webcast and conference call. At this time, our lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you need assistance, please press star zero for the operator. As a reminder, this call is being recorded on Tuesday, November 4th, 2 ...

Sterling Infrastructure (NasdaqGS:STRL) Q3 2025 Earnings Call November 04, 2025 09:00 AM ET Speaker0Morning, ladies and gentlemen, and welcome to the Sterling Infrastructure Third Quarter Webcast and Conference Call. At this time, all lines are in a listen only mode. Following the presentation, we will conduct a question and answer session. As a reminder, this call is being recorded on Tuesday, 11/04/2025. I would now like to turn the conference over to Noelle Dilts, Vice President of Investor Relations and ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File Number 1-31993 STERLING INFRASTRUCTURE, INC. (Exact name of registrant as specified in its charter) Delaware 25-1655321 (State or other ju ...

November 4, 2025 Q3 2025 EARNINGS CALL DISCLOSURE: Forward-Looking Statements This presentation contains, and the officers and directors of the Company may from time to time make, statements that are considered forward- looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which may include statements about: our business strategy; o ...

NEWS RELEASE For Immediate Release: November 3, 2025 Sterling Reports Record Third Quarter 2025 Results and Increases Full Year Guidance THE WOODLANDS, TX – November 3, 2025 – Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling" or the "Company") today announced record financial results for the third quarter of 2025. The financial comparisons herein are to the prior year quarter, unless otherwise noted. Due to the deconsolidation of the RHB joint venture on December 31, 2024, RHB is no longer included ...

公司2025年第三季度财务业绩 - 公司公布2025年第三季度创纪录的财务业绩 [1] - 第三季度营收达到6.89019亿美元，同比增长32%（剔除RHB影响） [13] - 第三季度净利润为9210万美元，摊薄后每股收益为2.97美元，分别增长50%和51% [13] - 第三季度调整后净利润为1.077亿美元，调整后摊薄每股收益为3.48美元，分别增长57%和58% [13] - 第三季度EBITDA为1.431亿美元，增长42%；调整后EBITDA为1.558亿美元，增长47% [13] - 第三季度毛利率为24.7%，较去年同期的21.9%有所提升 [13] 各业务部门表现 - E-Infrastructure Solutions部门营收增长58%，调整后营业利润增长57% [5] - 传统Site Development业务营收增长42%，营业利润率同比和环比均有所扩大 [5] - Transportation Solutions部门营收增长10%，调整后营业利润增长40% [7] - Building Solutions部门营收下降1%，调整后营业利润下降10%，主要受住宅市场放缓影响 [8] 订单储备与业务组合 - 截至2025年9月30日，已签署订单储备为25.8亿美元，同比增长34%（同店基础） [5] - 综合订单储备（包括未签署奖项）增长44%，首次超过30亿美元，达到34.4亿美元 [5][13] - 第三季度订单获取与消耗比率（剔除CEC影响）为1.23倍（订单储备）和1.76倍（综合订单储备） [5] - 公司业务组合转向更高利润率的服务，推动毛利率创下25%的新高 [5] 现金流与资本状况 - 第三季度运营现金流为8400万美元，前九个月运营现金流总计2.539亿美元 [5][13] - 截至2025年9月30日，现金及现金等价物为3.064亿美元，公司保持净现金正头寸 [5][13] - 第三季度股票回购总额为470万美元，平均价格为每股274.37美元 [13] 收购整合与战略重点 - 公司在第三季度完成对CEC的收购，该收购为季度营收贡献4140万美元 [6][13] - CEC收购为订单储备贡献4.753亿美元，为综合订单储备贡献8.105亿美元 [13] - 公司战略重点转向大型、关键任务项目，如数据中心和制造业，利用其规模和执行优势 [5] 2025年全年业绩指引 - 公司上调2025年全年指引，预计营收区间为23.75亿美元至23.90亿美元 [14] - 预计净利润区间为2.70亿美元至2.75亿美元，摊薄每股收益区间为8.73美元至8.87美元 [14] - 预计调整后净利润区间为3.21亿美元至3.26亿美元，调整后摊薄每股收益区间为10.35美元至10.52美元 [14] - 预计EBITDA区间为4.48亿美元至4.53亿美元，调整后EBITDA区间为4.86亿美元至4.91亿美元 [14] - 指引中点代表营收增长27%（剔除RHB影响），调整后摊薄每股收益增长47%，调整后EBITDA增长42% [8]